Reinsurance News
Reinsurance broking news
Reinsurance broker news, analysis and insight, covering reinsurance broking market developments, trends and opportunities.
Reinsurance brokers have a core role to play in the market, so we frequently cover news related to their activities and also interview senior reinsurance broking executives as well.
Japan renewals were orderly with stable reinsurer capacity: Willis Re
2nd April 2019
The April renewals in Japan were orderly despite the level of catastrophe losses in 2018, with reinsurance capacity remaining stable, according to broker Willis Re, the reinsurance arm of broker Willis Towers Watson. Buyers sought increased capacity, both on an aggregate basis and for earthquake occurrence, analysts observed in Willis Re’s ... Read the full article
Eleonora Geamanu named Head of Willis Towers Watson in Romania
2nd April 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) has appointed Eleonora Geamanu as Head of WTW in Romania. Based in Bucharest, she will take responsibility for driving revenue growth and meeting clients' needs across the Romania marketplace, for a broad set of business lines. She joined WTW in 2007 and has ... Read the full article
LiquidX, Marsh partner on electronic platform for trade credit insurance
2nd April 2019
LiquidX, the international network for illiquid assets, has partnered with global insurance and reinsurance broker Marsh, on the launch of a "next generation" platform for the trade credit insurance sector, called the Liquid Trade Credit Insurance Marketplace. The new electronic marketplace went live recently, with numerous transactions executed and underwritten by ... Read the full article
Guy Carpenter & JLT Re combo an opportunity to provide the best of service
2nd April 2019
The combination of Guy Carpenter (GC) and JLT Re provides the brokerage with an opportunity to offer the best of service to clients around the world, according to GC President and Chief Executive Officer (CEO), Peter Hearn and Ross Howard, Vice Chairman of GC. Marsh & McLennan Companies, Inc. (MMC) ... Read the full article
Aon raises industry loss estimates to $11bn for Michael, $5.5bn for Florence
2nd April 2019
Re/insurance broker Aon has released the highest industry loss estimates yet for the two major hurricanes that hit the U.S last year, estimating total re/insured losses of $11 billion for Hurricane Michael and $5.5 billion for Hurricane Florence. The updated figures came as part of Aon’s March Event Recap Reports, which ... Read the full article
Boeing crash could be biggest non-war aviation reinsurance loss: Willis Re
1st April 2019
The recent Ethiopian Airlines crash and subsequent grounding of Boeing’s global fleet of 737 Max aircraft could potentially be the largest ever non-war claim incurred by the aviation reinsurance market, according to Willis Re. The broker said that losses from the incident could erode three to four years’ worth of reinsurers’ ... Read the full article
Nexus Group’s Xenia broking arm acquires Credit & Business Finance
1st April 2019
Nexus Group's recently launched London-based independent broking arm, Xenia Broking Group, has completed the takeover of Credit & Business Finance Ltd (CBF), its first acquisition. Xenia's first acquisition marks number 14 for Nexus Group. CBF, a specialist trade credit broker with more than 20 staff, is the second trade credit ... Read the full article
WTW announces $1.2bn acquisition of TRANZACT
1st April 2019
Global re/insurance brokerage Willis Towers Watson (WTW) has announced its acquisition of TRANZACT, a direct-to-consumer healthcare organisation, for $1.2 billion. WTW hopes the deal will accelerate its direct-to-consumer strategy and ability to target the 50 million strong Medicare market. TRANZACT will operate as an integral part of WTW’s Benefits Delivery and Administration ... Read the full article
Marsh & McLennan finalises JLT acquisition
1st April 2019
Marsh & McLennan Companies, Inc. (MMC) has announced the completion of its acquisition of Jardine Lloyd Thompson Group plc (JLT) for $5.6 billion in fully diluted equity value. The deal, first announced in September 2018, is expected to boost MMC’s position in insurance and reinsurance broking, health and retirement. It will ... Read the full article
Strong capitalisation underpins rational pricing approach at April 1: Willis Re
1st April 2019
Willis Re, the reinsurance arm of global insurance and reinsurance broker Willis Towers Watson, has noted that reinsurers adopted a rational pricing approach at the April 1st renewals, underpinned by high levels of market capitalisation from both traditional and alternative sources. The reinsurance broker's latest 1st View report examines the April ... Read the full article
Marsh appoints Anthony Gruppo as CEO of Jelf
29th March 2019
Global re/insurance broker Marsh has announced the appointment of Anthony Gruppo as Chief Executive Officer (CEO) of Jelf and leader of its wider UK & Ireland Commercial and Consumer client segment. He will take up his new London-based position in May, succeeding Phil Barton who is leaving with immediate effect to ... Read the full article
Nexus forms Xenia Broking Group to consolidate broking activities
29th March 2019
Nexus Group has revealed the establishment of Xenia Broking Group Limited, a London-based entity launched to consolidate Nexus' broking activities. The consolidated broking activities will remain independent and segregated from the Group's underwriting operations, and Xenia will have Nexus Group Non-Executive Director, Jeremy Adams as Chairman of its Board of Directors. He ... Read the full article
Aon appoints Marsh’s Charnaud EMEA Chairman, M&A and Transaction Solutions
28th March 2019
Global insurance and reinsurance broker Aon has announced the appointment of Edwin Charnaud from Marsh as EMEA Chairman for its mergers and acquisition (M&A) and Transaction Solutions unit. The appointment is effective April 15th, 2019, and Charnaud will be tasked with assisting the acceleration of the regional M&A and Transaction Solutions ... Read the full article
Munich Re, Allianz & AXIS join Marsh for new cyber service
27th March 2019
Global re/insurance broker Marsh has announced the launch of Cyber Catalyst, a service that brings together a number of the market’s leading insurers to provide analysis and assessment of cybersecurity products. The objective of Cyber Catalyst is to identify and evaluate effective solutions for an organisation to deploy against cyber risk, ... Read the full article
Gallagher appoints John Farley to lead cyber practice
27th March 2019
Gallagher, the global re/insurance brokerage and risk management services firm, has appointed John Farley as its Managing Director, Cyber Practice Group leader. He joined the firm in March 2019 to lead its Cyber Practice, a role that will see him develop and executive strategy for cyber insurance and related business lines ... Read the full article
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